Nordstrom family members were apparently unwilling or unable to substantially boost their $50-a-share offer for the company that bears their name, prompting the retailer’s independent directors Tuesday to terminate buyout discussions.
Wednesday, March 21, 2018
No deal: Nordstrom family’s price not enough for board
Seattle Times
Nordstrom family members were apparently unwilling or unable to substantially boost their $50-a-share offer for the company that bears their name, prompting the retailer’s independent directors Tuesday to terminate buyout discussions.
A board committee said in a statement late Tuesday “it could not
reach agreement with the group on an acceptable price for the company.”. . . more
Nordstrom family members were apparently unwilling or unable to substantially boost their $50-a-share offer for the company that bears their name, prompting the retailer’s independent directors Tuesday to terminate buyout discussions.
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